Meiji Yasuda Asset Management Co Ltd. Reduces Stake in Nordson Corporation $NDSN

Meiji Yasuda Asset Management Co Ltd. lowered its position in Nordson Corporation (NASDAQ:NDSN) by 40.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,852 shares of the industrial products company’s stock after selling 1,900 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Nordson were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd lifted its holdings in Nordson by 77.5% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 14,200 shares of the industrial products company’s stock valued at $3,223,000 after acquiring an additional 6,200 shares during the period. Jensen Investment Management Inc. acquired a new position in Nordson in the third quarter valued at approximately $2,735,000. Rakuten Investment Management Inc. acquired a new position in Nordson in the third quarter valued at approximately $1,100,000. Polar Asset Management Partners Inc. lifted its holdings in Nordson by 67.0% in the third quarter. Polar Asset Management Partners Inc. now owns 39,754 shares of the industrial products company’s stock valued at $9,022,000 after acquiring an additional 15,954 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Nordson by 110.0% in the third quarter. JPMorgan Chase & Co. now owns 718,616 shares of the industrial products company’s stock valued at $163,093,000 after acquiring an additional 376,395 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Nordson Trading Up 1.1%

Shares of NDSN stock opened at $289.90 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.60 and a quick ratio of 1.74. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.94 and a beta of 0.99. The stock has a 50 day simple moving average of $274.97 and a 200-day simple moving average of $264.17. Nordson Corporation has a 1-year low of $191.99 and a 1-year high of $305.28.

Nordson (NASDAQ:NDSN) last announced its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.04. The business had revenue of $740.85 million during the quarter, compared to the consensus estimate of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 EPS. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, equities research analysts expect that Nordson Corporation will post 11.51 EPS for the current fiscal year.

Nordson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 19th. Nordson’s dividend payout ratio is currently 34.97%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NDSN. KeyCorp boosted their price target on Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. DA Davidson reissued a “buy” rating and issued a $335.00 price target on shares of Nordson in a report on Thursday. Robert W. Baird boosted their price target on Nordson from $278.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, February 20th. BNP Paribas Exane boosted their price target on Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.43.

Insider Transactions at Nordson

In other Nordson news, CEO Sundaram Nagarajan sold 41,800 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $293.26, for a total value of $12,258,268.00. Following the completion of the sale, the chief executive officer directly owned 64,824 shares in the company, valued at $19,010,286.24. This represents a 39.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Srinivas Subramanian sold 3,100 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $280.00, for a total value of $868,000.00. Following the completion of the sale, the executive vice president owned 6,407 shares of the company’s stock, valued at approximately $1,793,960. The trade was a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,393 shares of company stock valued at $22,549,703 in the last 90 days. 0.84% of the stock is owned by company insiders.

Nordson Profile

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.